The Ravens are releasing defensive back Lardarius Webb, a source tells Ian Rapoport of NFL.com (on Twitter). We heard earlier this week that the Ravens were likely to part ways with the fan favorite.

By cutting one of their longest-tenured players, Baltimore will save $5.5MM in cap room. Webb, 31, is being displaced after the team’s high-priced signing of former Arizona safety Tony Jefferson. Jefferson is several years younger, but the advanced metrics at Pro Football Focus were nearly as high on Webb as they were on Jefferson last year. Webb was PFF’s No. 15 ranked safety, Jefferson placed in fifth.

Webb has spent his entire eight-year career in Baltimore, until today. In total, he has appeared in 111 games with 82 starts. Last season, the defender finished with 73 tackles, one sack, and one forced fumble in 16 games (16 starts).

The Ravens will surely be looking for additional help at the position, as the team is currently rostering only a pair of safeties in Jefferson and Eric Weddle.